$MTH
Meritage Homes CORP

2024 Q4 Form 10-Q Financial Statement

#000083307924000121 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.597B
YoY Change -1.4%
Cost Of Revenue $1.297B
YoY Change 0.9%
Gross Profit $299.7M
YoY Change -10.24%
Gross Profit Margin 18.77%
Selling, General & Admin $157.1M
YoY Change -3.15%
% of Gross Profit 52.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.546M
YoY Change 2.28%
% of Gross Profit 2.18%
Operating Expenses $157.1M
YoY Change -3.15%
Operating Profit $142.6M
YoY Change -16.93%
Interest Expense $0.00
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net $10.68M
YoY Change -19.87%
Pretax Income $249.9M
YoY Change -12.53%
Income Tax $53.97M
% Of Pretax Income 21.59%
Net Earnings $196.0M
YoY Change -11.63%
Net Earnings / Revenue 12.27%
Basic Earnings Per Share $5.41
Diluted Earnings Per Share $5.34
COMMON SHARES
Basic Shares Outstanding 36.18M shares 36.33M shares
Diluted Shares Outstanding 36.67M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $831.6M
YoY Change -20.71%
Cash & Equivalents $831.6M
Short-Term Investments
Other Short-Term Assets $203.8M
YoY Change 77.21%
Inventory $5.457B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.779B
YoY Change 15.02%
LONG-TERM ASSETS
Property, Plant & Equipment $47.23M
YoY Change -7.07%
Goodwill $32.96M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $18.22M
YoY Change 20.64%
Other Assets $51.15M
YoY Change 11.43%
Total Long-Term Assets $324.1M
YoY Change 12.61%
TOTAL ASSETS
Total Short-Term Assets $6.779B
Total Long-Term Assets $324.1M
Total Assets $7.103B
YoY Change 14.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $287.4M
YoY Change -2.31%
Accrued Expenses $439.9M
YoY Change 14.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $759.4M
YoY Change 0.53%
LONG-TERM LIABILITIES
Long-Term Debt $1.314B
YoY Change 30.72%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.314B
YoY Change 30.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $759.4M
Total Long-Term Liabilities $1.314B
Total Liabilities $2.074B
YoY Change 17.77%
SHAREHOLDERS EQUITY
Retained Earnings $4.852B
YoY Change 17.45%
Common Stock $177.3M
YoY Change -38.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.030B
YoY Change
Total Liabilities & Shareholders Equity $7.103B
YoY Change 14.91%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $196.0M
YoY Change -11.63%
Depreciation, Depletion And Amortization $6.546M
YoY Change 2.28%
Cash From Operating Activities -$92.00M
YoY Change -188.29%
INVESTING ACTIVITIES
Capital Expenditures $8.016M
YoY Change -20.63%
Acquisitions
YoY Change
Other Investing Activities -$3.782M
YoY Change 51.28%
Cash From Investing Activities -$11.80M
YoY Change -6.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.57M
YoY Change -72.07%
NET CHANGE
Cash From Operating Activities -92.00M
Cash From Investing Activities -11.80M
Cash From Financing Activities -57.57M
Net Change In Cash -161.4M
YoY Change 40.93%
FREE CASH FLOW
Cash From Operating Activities -$92.00M
Capital Expenditures $8.016M
Free Cash Flow -$100.0M
YoY Change -206.28%

Facts In Submission

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us-gaap Proceeds From Convertible Debt
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575000000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
17332000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
mth Cash Paid For Capped Call
CashPaidForCappedCall
61790000 usd
mth Cash Paid For Capped Call
CashPaidForCappedCall
0 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
81619000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
29695000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
85932000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
55000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
69782000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-238195000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-89668000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
187194000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
921227000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
831559000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1048755000 usd
CY2024Q3 mth Entity Operations In Number Of Regions
EntityOperationsInNumberOfRegions
3 region
CY2024Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
10 state
CY2024Q3 mth Numberof Communitiesin Which Homesare Sold
NumberofCommunitiesinWhichHomesareSold
278 community
CY2024Q3 us-gaap Deposit Assets
DepositAssets
207500000 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
111400000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
54631000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
51275000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
57285000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54040000 usd
CY2024Q3 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
190575000 usd
CY2023Q4 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
137489000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
104010000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
140734000 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
17316000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6331000 usd
CY2024Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
15224000 usd
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
25569000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
37360000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
57285000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54040000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
20110000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
23241000 usd
CY2024Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
439871000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
424764000 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
34769000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
16473000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
16832000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
18482000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
13262000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
35351000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
39145000 usd
CY2024Q3 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
0 usd
CY2023Q4 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
0 usd
CY2024Q3 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
719430000 usd
CY2023Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
704206000 usd
CY2024Q3 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
1599921000 usd
CY2023Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
1260855000 usd
CY2024Q3 mth Inventory Model Homes
InventoryModelHomes
114079000 usd
CY2023Q4 mth Inventory Model Homes
InventoryModelHomes
118252000 usd
CY2024Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
3023673000 usd
CY2023Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2637978000 usd
CY2024Q3 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
5457103000 usd
CY2023Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
4721291000 usd
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
54516000 usd
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
60169000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
12752000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
40004000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
44914000 usd
us-gaap Interest Expense
InterestExpense
0 usd
us-gaap Interest Expense
InterestExpense
0 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
40789000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
46607000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
53731000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
58476000 usd
CY2024Q3 mth Land Under Purchase Contracts And Options Recorded Number Of Lots
LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots
0 lot
CY2024Q3 mth Land Under Purchase Contracts And Options Recorded
LandUnderPurchaseContractsAndOptionsRecorded
0 usd
CY2024Q3 mth Land Under Purchase Contracts And Options Recorded Cash Deposits
LandUnderPurchaseContractsAndOptionsRecordedCashDeposits
0 usd
CY2024Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots
8365 lot
CY2024Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed
LandUnderOptionContractsNotRecordedNonRefundableCommitted
623677000 usd
CY2024Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits
95518000 usd
CY2024Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots
15497 lot
CY2024Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed
LandUnderPurchaseContractsNotRecordedNonRefundableCommitted
501215000 usd
CY2024Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits
82223000 usd
CY2024Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots
3075 lot
CY2024Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed
LandUnderPurchaseContractsNotRecordedRefundableCommitted
100699000 usd
CY2024Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits
13610000 usd
CY2024Q3 mth Land Under Purchase And Option Contracts Committed Number Of Lots
LandUnderPurchaseAndOptionContractsCommittedNumberOfLots
26937 lot
CY2024Q3 mth Land Under Purchase And Option Contracts Committed
LandUnderPurchaseAndOptionContractsCommitted
1225591000 usd
CY2024Q3 mth Land Under Purchase And Option Contracts Committed Cash Deposits
LandUnderPurchaseAndOptionContractsCommittedCashDeposits
191351000 usd
CY2024Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots
41552 lot
CY2024Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted
1920826000 usd
CY2024Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits
16110000 usd
CY2024Q3 mth Land Under Purchase And Option Contracts Number Of Lots
LandUnderPurchaseAndOptionContractsNumberOfLots
68489 lot
CY2024Q3 mth Land Under Purchase And Option Contracts
LandUnderPurchaseAndOptionContracts
3146417000 usd
CY2024Q3 mth Land Under Purchase And Option Contracts Cash Deposits
LandUnderPurchaseAndOptionContractsCashDeposits
207461000 usd
CY2024Q3 mth Land Under Option Contract Not Recorded Number Of Lots
LandUnderOptionContractNotRecordedNumberOfLots
68489 lot
CY2024Q3 us-gaap Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
3146417000 usd
CY2024Q3 mth Land Under Option Contract Not Recorded Cash Deposits
LandUnderOptionContractNotRecordedCashDeposits
207461000 usd
CY2024Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2024Q3 us-gaap Convertible Debt
ConvertibleDebt
575000000 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-900000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
250000000 usd
CY2024Q3 us-gaap Convertible Debt
ConvertibleDebt
575000000.0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-600000 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2024Q2 us-gaap Debt Instrument Convertible Stock Price Trigger
DebtInstrumentConvertibleStockPriceTrigger
232.30
CY2024Q2 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
1.30
mth Cash Paid For Capped Call
CashPaidForCappedCall
61800000 usd
CY2024Q2 us-gaap Debt Instrument Convertible Stock Price Trigger
DebtInstrumentConvertibleStockPriceTrigger
232.30
CY2024Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
350.64
CY2024Q2 us-gaap Debt Instrument Convertible Stock Price Trigger
DebtInstrumentConvertibleStockPriceTrigger
232.30
CY2024Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
350.64
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36226000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36603000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36286000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36677000 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
443000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
475000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
415000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
432000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36669000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37078000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36701000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37109000 shares
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
195966000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
221760000 usd
us-gaap Net Income Loss
NetIncomeLoss
613537000 usd
us-gaap Net Income Loss
NetIncomeLoss
539897000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.41
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
16.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
14.72
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.34
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.98
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
16.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
14.55
CY2024Q3 us-gaap Goodwill
Goodwill
33000000.0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
32962000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2024Q3 us-gaap Goodwill
Goodwill
32962000 usd
CY2024Q1 us-gaap Dividends
Dividends
27239000 usd
CY2024Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
56218000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
4720573000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
231555000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4718000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2024Q2 us-gaap Dividends
Dividends
27245000 usd
CY2024Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
4882534000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
195966000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
195966000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8473000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2024Q3 us-gaap Dividends
Dividends
27135000 usd
CY2024Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
30048000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
5029790000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
3949611000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
131301000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6225000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2023Q1 us-gaap Dividends
Dividends
9927000 usd
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10000000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
4067210000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
186836000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4176000 usd
CY2023Q2 us-gaap Dividends
Dividends
9927000 usd
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
4248295000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
221760000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6156000 usd
CY2023Q3 us-gaap Dividends
Dividends
9841000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
45328000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
4421042000 usd
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.75
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.25
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.81
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8473000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6156000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19305000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16557000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
36262000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
27791000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y11M12D
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y11M8D
CY2024Q3 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
628091 shares
CY2023Q4 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
703415 shares
CY2024Q3 mth Share Based Compensation Arrangement Payout Percentage
ShareBasedCompensationArrangementPayoutPercentage
1
CY2024Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
42321000 usd
CY2023Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
52845000 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
132783000 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
121116000 usd
CY2024Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
11645000 usd
CY2023Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
11129000 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
34988000 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
29548000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53966000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63974000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
167771000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
150664000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216 rate
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215 rate
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.224 rate
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.218 rate
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q3 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
0 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 usd
CY2024Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
17800000 usd
CY2024Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
15200000 usd
us-gaap Interest Paid Net
InterestPaidNet
14816000 usd
us-gaap Interest Paid Net
InterestPaidNet
12900000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
182390000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
145020000 usd
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
3630000 usd
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
6567000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9139000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
36266000 usd
mth Non Cash Distributions Contributions To From Non Controlling Interests
NonCashDistributionsContributionsToFromNonControllingInterests
9315000 usd
mth Non Cash Distributions Contributions To From Non Controlling Interests
NonCashDistributionsContributionsToFromNonControllingInterests
0 usd
mth Numberof Business Segments
NumberofBusinessSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
10 operating_segment
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-907000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-631000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-907000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
249932000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
285734000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
781308000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
690561000 usd
CY2024Q3 us-gaap Deposit Assets
DepositAssets
207461000 usd
CY2024Q3 us-gaap Inventory Real Estate
InventoryRealEstate
5457103000 usd
CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
18217000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
1420671000 usd
CY2024Q3 us-gaap Assets
Assets
7103452000 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
111364000 usd
CY2023Q4 us-gaap Inventory Real Estate
InventoryRealEstate
4721291000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
17170000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
1503309000 usd
CY2023Q4 us-gaap Assets
Assets
6353134000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
35400000 usd
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Trd Arr Ind Title
TrdArrIndTitle
Chief Executive Officer

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